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Home / Mike Norman Economics / Russian suspension of grain corridor for export of Ukrainian grain: Discussion on Iran’s Press TV — Gilbert Doctorow

Russian suspension of grain corridor for export of Ukrainian grain: Discussion on Iran’s Press TV — Gilbert Doctorow

Summary:
In the discussion on air, I spoke about the underlying reasons why Russia would have likely refused to extend the grain agreement beyond its scheduled expiration in mid-November irrespective of the Ukrainian drone attacks on Russian commercial and military vessels in the Sevastopol harbor this past weekend which were the given justification for Russia pulling out of the grain deal early.It bears mention that in Russia media there is considerable speculation on why exactly so much grain was in fact sent to Europe and not to the world’s needy countries: the argument is raised that the actual owners of much of the Ukrainian grain are Europeans who bought up vast tracts of arable land in Ukraine and have been the force behind its recent industrial farming for export....Like Michael Hudson

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In the discussion on air, I spoke about the underlying reasons why Russia would have likely refused to extend the grain agreement beyond its scheduled expiration in mid-November irrespective of the Ukrainian drone attacks on Russian commercial and military vessels in the Sevastopol harbor this past weekend which were the given justification for Russia pulling out of the grain deal early.

It bears mention that in Russia media there is considerable speculation on why exactly so much grain was in fact sent to Europe and not to the world’s needy countries: the argument is raised that the actual owners of much of the Ukrainian grain are Europeans who bought up vast tracts of arable land in Ukraine and have been the force behind its recent industrial farming for export....
Like Michael Hudson said. Most of that grain has gone to Europe instead of to the emerging world that desperately needs it to survive and which was the basis of the agreement in the first place.
Gilbert Doctorow
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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